Osprey Technology Acquisition Corp. Announces Completion of $275,000,000 Initial Public Offering

PHILADELPHIA--(BUSINESS WIRE)--Osprey Technology Acquisition Corp. (NYSE:SFTW.U) (the “Company”), a technology-focused special purpose acquisition entity formed for the purpose of entering into a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses, today completed its initial public offering of 27,500,000 units at a price of $10.00 per unit for gross proceeds to the Company of $275,000,000. The Company's units began trading on November 1, 2019 on the New York Stock Exchange (the “NYSE”) under the symbol "SFTW.U". Each unit issued in the offering consists of one share of the Company’s Class A common stock and one-half of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one share of Class A common stock at a price of $11.50 per share. Once the securities comprising the units begin separate trading, the Class A common stock and redeemable warrants are expected to be listed on the NYSE under the ticker symbols “SFTW” and “SFTW.WS,” respectively. No fractional warrants will be issued upon separation of the units and only whole warrants will trade.